Folgate Insurance

What Folgate Insurance does

Folgate Insurance is a UK-based managing general agent and direct insurer operating two linked entities: Folgate Underwriting Agency Ltd (FUAL), which acts as the MGA, and Folgate Insurance Company Ltd, which holds PRA direct-insurer status. The business traces its brand to 1877, was placed into run-off in 2002, and was acquired by APC Underwriting in August 2014 before being re-launched as an active insurer in late 2018 following PRA approval. Folgate Underwriting has been a recognised UK MGA since 1993 and underwrites commercial lines on behalf of FCA-regulated UK brokers across Property (Owners, Landlords, Commercial and Residential Property Investors), General Liability (Employers, Public, Products), Professional Indemnity (including the newly launched Financial Advisers & Mortgage Brokers product), Commercial Combined, Directors & Officers, Extended Warranty, Legal Expenses, Excess of Loss, Contractors & Construction, Shops Package, Offices & Surgeries, Hotels & Guest Houses, and Bespoke Schemes. Per-risk line sizes reach £10M for property (via 50% co-insurance with Axis Specialty Europe SE) and £25M for liability (via 95% participation with Liberty Mutual), with additional capacity from Aspen, International General Insurance, DAS, and MS Amlin.

The company's go-to-market is broker-led and exclusively UK-domestic: products are distributed through the proprietary QuoteMac online trading platform (allowing brokers to quote, bind, and service policies), the Acturis e-trade portal, binding authorities, traditional broker presentations, and a Business Development team anchored by the London HQ at 80 Leadenhall Street and a Cambridge regional office opened in July 2021. Folgate monetises via insurance premium revenue earned as an MGA, with flexible broker commission structures of up to 35% (subject to product class and broker status) and low-claims rebates for qualifying clients; pricing itself is quote-driven and not publicly disclosed. Folgate holds FCA authorisation (reference 304782), PRA direct-insurer licensing (June 2018), and an A.M. Best Financial Strength Rating plus a BB+ Long-Term Issuer Credit Rating (assigned November 2018). Headcount is stated as 11–50, with approximately 25 named individuals on the underwriting, claims, accounts, business development, and product development teams. No external institutional investment or private-equity backing is evidenced in the available material; ownership rests with APC Underwriting.

Name

Folgate Insurance

Legal name

Folgate Underwriting Agency Ltd

Website

https://folgateltd.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Folgate Insurance is a UK managing general agent and direct insurer offering commercial lines (Property, Liability, Professional Indemnity, D&O, and more) exclusively through FCA-regulated UK brokers via its QuoteMac platform, Acturis e-trade, and a regional Business Development team.

Ownership category

akta.pro rank

Product category

Commercial Insurance Underwriting

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Property and Casualty Insurance Carriers (524126)

SIC

Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industries

Mid-Market Commercial Package (Package Policies) (FSAJAFAB), Commercial Excess Liability (Large Accounts) (FSAJANAG)

Keywords

• Commercial insurance underwriting
• Managing general agent
• Property insurance products
• Professional indemnity coverage
• Insurance broker distribution

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premium Revenue: Folgate Underwriting Agency Ltd acts as a managing general agent (MGA) underwriting commercial lines business generated by FCA-regulated UK-based insurance brokers. Revenue is derived from insurance premiums across Property Owners, General Liability, Professional Indemnity, and Excess of Loss products. The company operates binding authorities and co-insurance arrangements with capacity from multiple insurers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Folgate Underwriting Agency Ltd operates as a UK Managing General Agent (MGA) underwriting commercial lines insurance on behalf of capacity providers, distributing through FCA-regulated UK insurance brokers. The company offers Property, General Liability, Professional Indemnity, Commercial Combined, Directors & Officers, Landlords, Contractors & Construction, Shops, Offices & Surgeries, Hotels & Guest Houses, Excess of Loss, Extended Warranty, Legal Expenses, and Bespoke Schemes products. Distribution is enabled through the proprietary QuoteMac online trading platform, Acturis e-trade portals, and traditional broker presentations, with maximum line sizes up to £10M for Property and £25M for Liability.

Product overview

Folgate Insurance is a UK-based Managing General Agent (MGA) and insurer established in 1877, operating as Folgate Underwriting Agency Limited. The company offers a comprehensive portfolio of commercial insurance products including Property, General Liability, Professional Indemnity, Commercial Combined, Directors & Officers, Bespoke Schemes, and Legal Expenses insurance. Products are distributed through the proprietary QuoteMac online trading platform, the Acturis E-Trade platform, and traditional broker presentations. The company specializes in serving FCA-regulated UK-based insurance brokers with capacity up to £10 million for property and £25 million for liability lines.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Insurance Commercial and residential property coverage including property owners, landlords, and commercial property investors insurance.
• General Liability Coverage for public liability, products liability, and employers liability for commercial businesses.
• Professional Indemnity Professional liability insurance covering financial advisers, mortgage brokers, and other professional service providers.
• Commercial Combined Comprehensive multi-coverage package combining property, liability and other covers for commercial risks.
• Directors & Officers Liability Protection for company directors and officers against claims alleging mismanagement or breach of fiduciary duty.
• Bespoke Schemes Customized insurance solutions designed for specific industry needs or broker requirements.
• Legal Expenses Insurance Coverage for legal costs and expenses, underwritten in partnership with DAS Legal Expenses Insurance Company Limited.
• Excess of Loss Excess layer coverage providing additional protection above primary insurance limits.
• Landlords Insurance Specialized coverage for property owners renting residential or commercial properties.
• Contractors & Construction Insurance Coverage for construction risks including contractors, tradesmen, and construction-related liability.
• Shops Package Retail business insurance package available through Acturis E-Trade platform for shopkeepers.
• Offices & Surgeries Professional office and medical surgery insurance available on extranet and Acturis.
• Hotels & Guest Houses Specialized accommodation insurance coverage for hotels and guest houses.
• Extended Warranty Warranty coverage products for various commercial and consumer applications.

Quantifiable outcome

• January 2020 saw new quote volumes increase by 18% compared to previous January
• +1 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature1 record

Partnerships

Seven partnerships are on record, tiered core.

• Axis Specialty Europe SEcoreStrategic or Co-development Partner · 1 January 2021Co-insurance partner for Property and Landlords business at 50% participation with £10,000,000 maximum line size any one location.
• Aspen Insurance UK LtdcoreStrategic or Co-development Partner · 1 January 2021Co-insurance partner for Primary and Excess of Loss Employers, Public & Products Liability at 80% participation with £10,000,000 limits for each liability class.
• International General Insurance Company LtdcoreStrategic or Co-development Partner · 1 January 2021Co-insurance partner for Professional Indemnity at 50% with £5,000,000 line size. Also provides Terrorism coverage for Folgate's portfolio.
• Liberty Mutual Insurance Europe SEcoreStrategic or Co-development Partner · 1 January 2021Co-insurance partner for Excess Professional Indemnity, Employers Liability, Public & Products Liability at 95% participation with line sizes up to £25,000,000 for liability classes.
• DAS Legal Expenses Insurance Company LimitedcoreStrategic or Co-development Partner · 1 January 2021Provides Legal Expenses insurance coverage for Folgate's policyholders effective from 01/01/2020.
• ActuriscoreTechnology or Integration · 20 January 2020Acturis is an e-trade platform partner enabling Folgate to distribute insurance products including Shops Package, Property Investors, and Offices & Surgeries through the Acturis system.
• MS AmlincoreStrategic or Co-development Partner · 19 November 2018MS Amlin partnered with Folgate Insurance Company for its December 2018 launch. The partnership writing Property, Liability, and other commercial insurance lines. MS Amlin provided capacity and co-insurance support for Folgate's re-launch into the UK insurance market after 17 years.

Scale indicators5 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• AXA UK Commercial: Large UK composite insurer offering commercial property, liability and SME package products through brokers; a broad incumbent competing for the same mid-market UK commercial book Folgate targets.
• Beazley: Lloyd's and UK specialty insurer with strong professional indemnity, liability and property offerings distributed via brokers; a larger incumbent operating in the same specialist commercial lines space as Folgate.
• Liberty Specialty Markets: UK and global specialty carrier providing capacity for excess liability, professional indemnity and property; a direct capacity partner of Folgate and a larger incumbent sharing the same distribution and broker ecosystem.
• Ardonagh Specialty (including Price Forbes): Large UK broker group with a specialty/MGA platform underwriting property, liability and financial lines for brokers and clients; a broader incumbent offering overlapping commercial lines capabilities to UK brokers.
• Hiscox UK: UK specialty insurer underwriting commercial property, liability and professional indemnity for small and mid-market businesses through brokers; a broader incumbent with overlapping specialist commercial products.

Direct peers

• CFC Underwriting: London-based specialist MGA underwriting commercial lines for UK and international brokers across liability, property and professional indemnity; comparable as a multi-line, broker-distributed MGA operating out of Lloyd's-adjacent London with proprietary digital platforms.
• Pen Underwriting: UK-focused MGA offering commercial combined, property, liability and specialist lines distributed through UK brokers with both binding authority and digital e-trade capabilities; one of the closest direct UK MGA comparables to Folgate's product and distribution model.
• Dual Corporate Risks: UK MGA providing commercial liability, property and professional indemnity products to UK brokers with multi-carrier capacity; directly comparable in scale, product mix and broker-distributed model.
• ERS (part of QBE): UK MGA underwritten within QBE that distributes commercial motor and specialty liability products through UK brokers using digital quoting portals; comparable as a UK MGA leveraging carrier capacity with e-trade broker distribution.

Emerging players

• Blenheim Insurance Group: UK MGA platform underwriting commercial property and liability for brokers with multi-carrier capacity; a smaller, emerging MGA with a similar London-based, broker-distributed specialist commercial model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Folgateltd
• LinkedInlinkedin.com/company/folgate-insurance-company

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Folgate Insurance